S&P Futures are down 4 with -5 Fair Value, NASDAQ Futures are down 9 with -11 Fair Value and Dow Futures are down 17 as we near the end of our first week of 2017. Hard day for retailers as Macy's (M) is down nearly 11% after a disappointing earnings report and announcing the closure of 68 stores and cuts of more than 10,000 jobs. Likewise, Kohl's (KSS) is down over 14%. In the tech world, aside from the buzz at CES, the US Department of Labor has filed a lawsuit against Google (GOOGL) over releasing employee compensation data.

Futures were flat in early morning, briefly sprouted green around 1am and then slipped sharply at 2am, struggling thereafter. Weakness persisted throughout the morning with a small bounce in progress as we approach the open.

Asian markets ended mostly up. China went up 0.21%, Hong Kong gained 1.46% and Japan dropped 0.37%. European markets are mostly down. The UK is up 0.15%, Germany is down 0.12% and France is down 0.17%.

Commodities are mixed this morning. Oil is up 0.66%, natural gas is up 0.86% and gold is up 0.83%. Unleaded gas is down 0.34% and heating oil is up 0.27%. Metals are up except copper. Meats are mostly up. Coffee and cotton are up while cocoa, corn, wheat and soybeans are down.

Sonic Corp. (SONC) reported Q1 results with adjusted earnings of 24 cents per share that beat expectations and is down nearly 1% in pre-market.

Walgreens Boots Alliance, Inc. (WBA) announced adjusted Q1 earnings of $1.10 per share that exceeded expectations and is down nearly 0.5% in pre-market. Monsanto Company (MON) is up nearly 0.5% on adjusted Q1 earnings of 21 cents per share. Constellation Brands, Inc. (STZ) reported Q3 results with adjusted earnings of $1.96 per share and is down over 2.5%.

This afternoon after the bell, look out for earnings from Ruby Tuesday, Inc. (RT).

Tomorrow morning before the open, The Greenbrier Companies, Inc. (GBX) is expected to report.

A leading bullish INTC trade strategy is: When the 19 DEMA is Above the 22 DEMA AND the 22 day Stochastics is Bearish, daily bars.

AAPL had a flat day, spending most of the day in the green and ending on a slightly cloudy note, down 0.11% on very low volume. AAPL opened down at 115.95 to high volume and quickly ran up to the mid-116 area to set an intra-day high of 116.51 at 9:54am on mild volume before dipping below 116 again on low volume after 10am. AAPL bounced up again ahead of lunchtime on low volume and then held the low-116 area until 3pm on low. AAPL then dipped into the close to 116 on moderate volume. AAPL ended the day down 13 cents at 116.02 and dropped another 2 cents in after-hours to 116.

This morning in pre-market, AAPL opened lower in conjunction with Futures and scraped a pre-market low of 115.75 before bouncing back on news of optimistic App Store metrics. AAPL is currently flat at 116.02 as we approach the open.